Dollar operates at a low, with China’s incentives for the economy and good results from the technology sector; Ibovespa rises

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The previous day, the North American currency fell 0.66%, quoted at R$4.9551. The main stock index on the Brazilian stock exchange ended up 1.31%, at 128,263 points. Dollar notes Gary Cameron/Reuters The dollar is trading lower this Wednesday (24), on a day of weak economic agenda in Brazil, but with optimism taking over businesses around the world. The reason for the greater risk appetite in this trading session is the announcement that the Chinese government will cut banks’ reserve requirement ratio by 0.5 percentage points starting next month, which should release almost US$140 billion into the market. . Also contributing to the most positive day were the corporate results presented by some technology companies until this morning, with emphasis on Netflix and ASML Holding. See below for a summary of the markets. Dollar At 10:20 am, the dollar fell 0.83%, quoted at R$4.9138. See more quotes. The previous day, the North American currency fell 0.66%, quoted at R$4.9551. At the day’s high, it reached R$5.0020. With the result, it accumulated: increase of 0.57% in the week; and gains of 2.11% in the month and year. Ibovespa At the same time, Ibovespa rose 0.79%, to 129,278 points. The day before, the index rose 1.31%, to 128,263 points. With the result, it accumulated: increase of 0.49% in the week; falls of 4.41% in the month and year. READ ALSO CASH OR CARD? What is the best way to take dollars when traveling? DOLLAR: When is the best time to buy the currency? Understand what makes the dollar rise or fall What is moving the markets? China continues to be the highlight of the financial market this Wednesday, after the government announced the cut in banks’ reserve requirements, effective from February 5th. The measure, which should release US$139.45 billion (around R$688 billion) for the Chinese market, pleased investors from all over the world because it could mean relief for the world’s second largest economy, which is going through a challenging time. for growth. Yesterday, international agencies reported that the country is considering providing support of almost US$280 billion for the national stock market, which has positively boosted business there. The Brazilian market, as well as other emerging markets, also benefits from this movement because China is the country’s main trading partner. Therefore, any improvement in the Chinese economy could reflect positively here. Furthermore, the corporate balance sheets of large technology companies also reflect positively on the business and drive the appreciation of risky assets. In the United States, Netflix surprised with a significant increase in its subscriber base, which was above market expectations. The company registered 13.1 million new subscribers in the fourth quarter of 2023, an increase of almost 13% compared to the previous year. In Europe, the Dutch ASML Holding, a provider of services for the semiconductor industry, also exceeded expectations for the last quarter of the year and tripled its quarterly orders. The results boost the entire technology sector this trading session and optimism boosts business across the world. New balance sheets should be released in the coming days, such as those of electric car maker Tesla and information technology company IBM.

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